Businesses urged to uphold best practices

The Catholic Metropolitan Archbishop of Kumasi, the Most Reverend Gabriel Justice Yaw Anokye, has urged the micro-finance companies to uphold best practices to become a real catalyst for the growth of small businesses.

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A Palestinian vendor sells toys made in China at his store, in the West Bank city of Nablus, on Sept. 12, 2015. For many Palestinian business men, Chinese goods are good choices due to the cheap price. In Nablus, "China" is a common word to everyone, and made-in-China goods are everywhere in markets and sold for reasonable prices.(Xinhua/Nidal Eshtayeh)
A Palestinian vendor sells toys made in China at his store, in the West Bank city of Nablus, on Sept. 12, 2015. For many Palestinian business men, Chinese goods are good choices due to the cheap price. In Nablus, "China" is a common word to everyone, and made-in-China goods are everywhere in markets and sold for reasonable prices.(Xinhua/Nidal Eshtayeh)

He recognized the pivotal role and support they had been giving to petty traders and other small business operators to expand their activities and said that should be sustained.

A Palestinian vendor sells toys made in China at his store, in the West Bank city of Nablus, on Sept. 12, 2015. For many Palestinian business men, Chinese goods are good choices due to the cheap price. In Nablus, "China" is a common word to everyone, and made-in-China goods are everywhere in markets and sold for reasonable prices.(Xinhua/Nidal Eshtayeh)

He was speaking at the inauguration of a branch of the PAK Microfinance Company in Kumasi.

This is located on the premises of the Saint Pater’s Basilica at the Roman Hill and the goal is to offer financial services to the Catholic faithful and traders across the metropolis.

Archbishop Anokye said although some of the companies had been involved in negative practices, their overall contribution to the economy in terms of wealth creation had been significant.

They had brought hope and kept market women and other petty traders going, he added.

The Most Rev Anokye said providing financial support was critical to the church’s evangelism and it was on the basis of this that it had decided to partner the company to aid its members in their business operations.

This way, he noted, they would generate enough income and contribute to the church’s evangelization work.

Mr. Emmanuel Atta Denisson, the Board Chairman, said the branch office would serve as reliable partner of the business community.

The company’s Chief Executive Officer, Ms. Mavis Annan Mensah, said its services and products were tailored towards the needs of small business operators and petty traders.

Ms. Mensah appealed to the church members to continue to have faith in the company and do business with it.

Source: GNA

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